Not exact matches
In Japan, the Central Bank said Thursday morning it was keeping its
rates unchanged and the People's Bank of China
raised its short - term
interest rate by 10 basis points on both medium - term lending facility loans and its open market operation reverse repurchase
agreements.
Instead, when the Fed makes its first
rate hike — something that probably won't happen until at least September - 2015 — it will do so
by 1)
raising the
interest rate paid on bank reserves, 2) increasing the amount that it pays to borrow money via Reverse Repurchase
agreements, and 3) boosting the
rate that it offers to financial institutions for term deposits.
Since the EU referendum in June 2016, the country has witnessed a series of defining political and financial shifts: David Cameron's resignation as Prime Minister and Theresa May's appointment as his successor;
interest rates being cut to a record - low 0.25 % before then being
raised back to 0.5 %; Article 50 being issued and Brexit negotiations officially commencing; a snap General Election in which the Conservative Party lost its majority, leading to the Tories entering into a confidence and supply
agreement with Northern Ireland's Democratic Unionist Party; and not one but two Budget announcements delivered
by the Chancellor Philip Hammond in 2017.